UTES vs. JXI
UTES (Virtus Reaves Utilities ETF) and JXI (iShares Global Utilities ETF) are both Utilities Equities funds. UTES is actively managed, while JXI is passively managed. Over the past 10 years, UTES returned 12.32%/yr vs 9.09%/yr for JXI. A 0.77 correlation means they provide meaningful diversification when combined. UTES charges 0.49%/yr vs 0.46%/yr for JXI.
Performance
UTES vs. JXI - Performance Comparison
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Returns By Period
In the year-to-date period, UTES achieves a 4.78% return, which is significantly lower than JXI's 9.96% return. Over the past 10 years, UTES has outperformed JXI with an annualized return of 12.32%, while JXI has yielded a comparatively lower 9.09% annualized return.
UTES
- 1D
- 0.79%
- 1M
- 4.50%
- 6M
- 4.92%
- YTD
- 4.78%
- 1Y
- 10.64%
- 3Y*
- 23.38%
- 5Y*
- 16.61%
- 10Y*
- 12.32%
JXI
- 1D
- 0.59%
- 1M
- 2.24%
- 6M
- 9.43%
- YTD
- 9.96%
- 1Y
- 18.89%
- 3Y*
- 15.45%
- 5Y*
- 10.31%
- 10Y*
- 9.09%
UTES vs. JXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTES Virtus Reaves Utilities ETF | 4.78% | 25.71% | 45.35% | -2.46% | 0.80% | 20.74% | -0.30% | 25.48% | 5.14% | 14.21% |
JXI iShares Global Utilities ETF | 9.96% | 25.91% | 13.14% | 0.63% | -4.17% | 10.88% | 5.19% | 23.94% | 2.31% | 14.79% |
Correlation
The correlation between UTES and JXI is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2015 | 0.77 |
The correlation between UTES and JXI has been stable across timeframes, ranging from 0.71 to 0.81 - a consistent structural relationship.
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Return for Risk
UTES vs. JXI — Risk / Return Rank
UTES
JXI
UTES vs. JXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Reaves Utilities ETF (UTES) and iShares Global Utilities ETF (JXI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UTES | JXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.26 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 2.35 | -1.58 |
| Martin ratioReturn relative to average drawdown | 1.65 | 6.49 | -4.84 |
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Drawdowns
UTES vs. JXI - Drawdown Comparison
The maximum UTES drawdown since its inception was -35.39%, smaller than the maximum JXI drawdown of -50.23%. Use the drawdown chart below to compare losses from any high point for UTES and JXI.
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Drawdown Indicators
| UTES | JXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.39% | -50.23% | +14.84% |
Max Drawdown (1Y)Largest decline over 1 year | -13.88% | -8.09% | -5.79% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -16.29% | -1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -20.40% | -22.45% | +2.05% |
Max Drawdown (10Y)Largest decline over 10 years | -35.39% | -34.20% | -1.19% |
Current DrawdownCurrent decline from peak | -5.00% | -3.26% | -1.74% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -12.78% | +7.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.47% | 2.92% | +3.55% |
Volatility
UTES vs. JXI - Volatility Comparison
Virtus Reaves Utilities ETF (UTES) has a higher volatility of 5.42% compared to iShares Global Utilities ETF (JXI) at 3.83%. This indicates that UTES's price experiences larger fluctuations and is considered to be riskier than JXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTES | JXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 3.83% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 16.57% | 10.87% | +5.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.60% | 13.12% | +8.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.69% | 15.42% | +5.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.22% | 16.97% | +3.25% |
UTES vs. JXI - Expense Ratio Comparison
UTES has a 0.49% expense ratio, which is higher than JXI's 0.46% expense ratio.
Dividends
UTES vs. JXI - Dividend Comparison
UTES's dividend yield for the trailing twelve months is around 1.45%, less than JXI's 2.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JXI iShares Global Utilities ETF | 2.40% | 2.56% | 3.02% | 3.58% | 3.13% | 2.78% | 2.65% | 3.43% | 3.16% | 3.62% | 4.77% | 3.78% |
UTES Virtus Reaves Utilities ETF | 1.45% | 1.42% | 1.51% | 2.44% | 2.13% | 1.94% | 2.09% | 1.84% | 2.09% | 3.44% | 3.53% | 0.61% |
Frequently Asked Questions
UTES and JXI have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTES has higher volatility (5.42%) compared to JXI (3.83%). In terms of maximum drawdown, UTES dropped -35.39% vs JXI's -50.23%.
On 10-year performance, UTES leads with 12.32% vs 9.09% for JXI. On fees, JXI is cheaper at 0.46% per year. On volatility, JXI has been the lower-risk option at 3.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UTES has performed better with a 12.32% return vs 9.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JXI is cheaper with a 0.46% expense ratio, compared with 0.49% for UTES.
JXI has the higher dividend yield at 2.40%, compared with 1.45% for UTES.
They also come from different issuers: Virtus Investment Partners and iShares. Their fees differ too: 0.49% for UTES and 0.46% for JXI.
JXI currently has the higher Sharpe Ratio (1.45 vs 0.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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